tomo logo

$1,625,000

Beds
7
Baths
4.5
sq ft
2,466

641 W 127th St, Los Angeles, CA 90044

641 W 127th St

Los Angeles, CA 90044

  • 2 days on market
West Athens Community - Two Homes on One Lot - Perfect for Multi-Generational Living or Investment Opportunity - Discover this spacious remodeled home paired with a separate newer-built ADU on an expansive 8,400 sq. ft. lot, each with private entrances. This unique property offers 7 bedrooms and 5 bathrooms in total, ideal for those who seek space or rental income. Seller is offering 1% towards interest rate buy down. Main Home: Fully remodeled in 2022 4 bedrooms, 3 bathrooms Features a generous backyard with a patio and fruit trees, plus mature landscaping for added privacy Includes washer, dryer, stove, refrigerator, and outdoor patio furniture ADU (Accessory Dwelling Unit): Completed in 2022 3 bedrooms, 2 bathrooms Laundry hook-ups Currently generating $3,420/month in steady rental income Additional Features: ADU has a tankless water heater 2 electric meters and 2 gas meters for independent utilities Exterior lighting for added security and ambiance Electric gates with ample parking inside the property This turnkey property won’t last long! Schedule your private showing today and seize this incredible opportunity.

Details

Property type

Single Family Residence

Est. home value

$1,029,581

Property condition

Updated/Remodeled

Lot size

8,420 sq ft

Price per sq ft

$659

Year built

1961

HOA

No

Price History

12/19/2024
CRMLS

CRMLS #PW24251148

Listed
$1,625,000
+185.09%
05/04/2021
CLAW

CLAW #21707060

Sold
$570,000

Schools & Community

Neighborhood: 

Harbor Gateway

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights

High school district: 

Los Angeles Unified

Number of units in community: 

2

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Spring Eq Llc

Loan start date

August 2023

Original loan amount

$200,000

Est. remaining balance

Not provided

Interest rate

6.69%

Loan type

Stand Alone Second, 30 year

Seller

Austin Lawrence Young

Lender

Geneva Financial Llc

Loan start date

January 2022

Original loan amount

$593,700

Est. remaining balance

$557,122

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

Austin Lawrence Young

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/20/2024 at 6:20 PM

Listing updated: 12/20/2024 at 6:25 AM

Listed by: Yvette Hitchens, Pacific Estates Phone #: (562) 661-5840

MLS: CRMLS #PW24251148

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